Help the banks with their market research and close your account.

When the see all the swipe fees tell lose the will stop charging fees

also contact your congress person and tell them $5 should be limit for overdraft fees.

$35 fee for overdrfat fee is stealing from customers

The bank repost your transactions from highest to losest so the can charge you more then 1 overdraft bank should be charged with Wire fraud for this! They shold Send the Bank officers to prision for this! IE you get a coffe in the morning for 2 or 3 bucks then luinch for about $5 on the way home from work you get a flat and have the tire changed causing a over draft on your account.

but the bank post the new tire first then hits you up for 2 more overdrafts! This is wire fraud and the persons responsable shoudl go to prision

@ r3r8girlz ....... When I first heard about this, I started calling other banks and credit unions, there wasn't a single one that did not have a free checking account AND free check card use with a list of conditions.  In fact, a majority of the banks and credit unions didn't even have any way whatsoever to have a FREE check card AND checking account.

There isn't a single doubt in my mind that other banks will follow, if they haven't done so already or even before B of A decided to do this.

This reminds me from the seen from Goodfellas where Roy Liota's Character was discussion what would happen if you barrowed money from the Boss "Pauly"

"Your not doing business, F-you pay me, you can't make your mortgage, F you, pay me, you're wife left you, F you, pay me!

That's B of A. They are like mobster bosses that just want their money no matter what.

Note: Before any of you are tempted to say I do not know what I am talking about, I work in the credit card processing industry.

This whole situation is ludicrous.  Check out this absurd progression:

1) Regulations reduce/cap fees on debit transactions paid by merchants.

2) Banks lose revenue so they come up with fees on accounts and debit card use.

3) Account holders get pissed off so they switch to credit cards, checks or cash.

4) Credit cards are now used by customers to pay for purchases that they once used debit cards for.

Number 4 is the sticking point.  Where check card users once paid with PIN-based debit transactions which cost a maximum of $.65 per trans or signature based debit transactions that cost about 1.5% they will begin using rewards cards which will cost merchants as much as 3.5% per transaction, and in some cases more.

What was designed to cut down on card processing fees paid by merchants may in fact cost merchants more money than before and increase revenues from credit card transactions for card issuing banks.

Not to mention that with increased use of credit cards comes increased revenues for banks from interest and account fees.

Ultimately, if you paid the $5 per month and continued using your check card, the bank would get less revenue from you than if you switched to using credit cards, even if you pay your balance in full each month.